Intex buys IPL Rajkot Team for upcoming IPL 2016 Season

Intex buys IPL Rajkot Team for upcoming IPL 2016 Season

According to the latest report coming in, Intex Technologies has officially bought the Rajkot team to be played in the upcoming season of Indian Premier League 2016.

Pune and Rajkot have now replaced the suspended Chennai Super Kings and Rajasthan Royals teams within two years of the contract; IPL confirmed on Twitter. However, both the suspended teams will stand a chance to return after completing two years suspension.

Indian smartphone company Intex Technologies will shell out Rs.10 crores for Rajkot, whereas Sanjiv Goenka’s New Rising consortium will pay for Pune.

The auction took place on the basis of reverse bidding, in which Rs. 40 core was a base cost. As a result, the bidders offering amount less than the base value were handed over the franchises.

According to BCCI secretary Anurag Thakur, BCCI will not be paying any amount to the owners. In fact, they will be paying money to BCCI.

Intex, being the third largest smartphone company in India followed by Samsung and Micromax has 9.2 % market share in the smartphone business.

Tags

About the author

Nitin Agarwal

Nitin started PC-Tablet because of his keen interest in space research, technology, and gadgets. He is an avid reader, technology enthusiast, and like to explore new places. His passion for knowledge keeps him running all the time.

Web Stories

5 Best Projectors in 2024: Top Long Throw and Laser Projectors for Every Budget 5 Best Laptop of 2024 5 Best Gaming Phones in Sept 2024: Motorola Edge Plus, iPhone 15 Pro Max & More! 6 Best Football Games of all time: from Pro Evolution Soccer to Football Manager 5 Best Lightweight Laptops for High School and College Students 5 Best Bluetooth Speaker in 2024 6 Best Android Phones Under $100 in 2024 6 Best Wireless Earbuds for 2024: Find Your Perfect Pair for Crystal-Clear Audio Best Macbook Air Deals on 13 & 15-inch Models Start from $149